Energy & Utilities Industry Overview

Companies that provide energy products, including crude oil, natural gas, and refined petroleum; utility services, including the generation of electricity, the transmission and distribution of electricity, natural gas, and water; and/or the marketing and trading of energy commodities.

Summary

EnergyThe price of crude oil is the engine that drives the energy industry. In the late 1990s, in the wake of the Asian economic downturn, oil prices sank to $10 a barrel. The slump drove many small independents into bankruptcy and some larger oil companies into mergers.

Full Energy & Utilities Industry Description

Service Decentralization

Recent reform efforts focus on decentralizing managerial discretion and empowering operational managers in public sector management. Based on a national survey of US municipal governments, decentralizing purchasing responsibility has been less successfully implemented than have budgeting and personnel systems.

Full Energy & Utilities Industry Trends

• Reliance Industries Limited
• A2A S.p.A.
• Abu Dhabi National Oil Company

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Energy & Utilities maps to a number of NAICS codes including:

Full Energy & Utilities Industry Codes

• American Association of Petroleum Geologists
  
• American Gas Association
  
• American Petroleum Institute
  

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